HEG Limited has informed the Exchange about Continuation Of Shri Shekhar Agarwal (DIN: 00066113), As Non-Executive Non-Independent Director Of The Company Who Will Be Attaining The Age Of 75 Years On 9Th October, 2027 In Financial Year 2027-28
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HEG Limited held its Board Meeting on April 29, 2026, approving multiple items. The company reported audited standalone net profit of Rs. 246.40 crores for FY 2025-26 and consolidated net profit of Rs. 288.86 crores. A final dividend of Rs. 3.40 per equity share (face value Rs. 2) was recommended for FY 2025-26, subject to shareholder approval at AGM. The Board approved continuation of Shri Shekhar Agarwal as Non-Executive Non-Independent Director beyond age 75 (attaining 75 on October 9, 2027), requiring Special Resolution under SEBI LODR. Reappointments were made for Cost Auditor (N.D. Birla & Co.), Internal Auditor (S.L. Chhajod & Co. LLP), and Tax Auditor (SCV & Co. LLP). For TACC Limited (wholly-owned subsidiary), the Board approved creation of security including pledge of 51% equity shares and hypothecation of unsecured loans/quasi-equity contributions to secure Rs. 1,239 crore credit facilities from State Bank of India.
Director continuation approval and security creation for subsidiary indicate stable governance with minor compliance-related announcements. Financial performance shows improved profitability year-on-year. Dividend recommendation provides shareholder returns.